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Publication Date: 2025-11-28 15:33:00
Nutanix (NASDAQ:NTNX) fell more than 18% after reporting earnings below analyst expectations and issuing a weak forward outlook. But while the market reacted sharply to the results, the structure of this decline was already in motion.
Back on 15 July, we analysed Nutanix through its Adhishthana cycle and warned that the stock had entered a descent phase in Phase 11, well before the numbers turned sour. The latest fall simply aligns with the structural setup we highlighted.
A Quick Recap
In our earlier commentary, we outlined how Nutanix completed its Cakra formation and broke out in Phase 9, triggering the Himalayan Formation, a three-leg structure consisting of an ascent, peak, and descent.
The ascent unfolded strongly:
- Phase 9 delivered a powerful breakout
- Phase 10 extended the rally even further
By Phase 11, price action signalled that a peak had likely formed around $83.36. The stock made a final attempt to reclaim that level toward the end of the phase, but fresh selling pressure confirmed the peak. From that point, Nutanix has fallen ~43%, which is entirely normal for a descent leg.
What Comes Next?
Since the stock is firmly in the descent leg of its Himalayan Formation, the natural gravitational point becomes the Cakra breakout level. For Nutanix, that level is approximately $31, and the current selling pressure aligns cleanly with this structural expectation.
Nutanix is now progressing through…
